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Technology Stocks : Hitcom (OTC: HICO) Agressive Growth Advanced Telecom Svcs

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To: Crossy who wrote (27)	6/6/1998 7:03:00 AM
From: Bosco	Read Replies (1) of 38

Dear Crossy & Ken - ok, things look a bit of uncertain after the 2nd day of drop, albeit 1/2 the volume of the 1st day. When I step back and look at the situation more closely, is it a coincident that this surge of [down] volumes happened after the completion of acquisition of Channel Telecom and refinancing? The only thing I can think of - assuming there is no financing engineering happening behind the scene - is some insiders and/or deal makers have decided to cash in some of their profit. If so, maybe we are still ok, once the volumes are digested. However, if Cornerstone and/or Fidelity Capital are unwinding, which is quite unlikely, then we may be in from a rough stretch. Just a conjecture for now though have a great weekend p.s. Crossy, good luck to your exam Best, Bosco

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